Even ET’s Are Flying in For The Market Rally

Mish Schneider | August 29, 2018

News of the runaway gaps in NASDAQ, S&P 500 and the Dow, hit the interplanetary airwaves.

Hovering above the earth in their space dingy, a family of extraterrestrials are looking for a soft landing.

It does seem though, that their …


Transportation & Russell 2000 Go Head-to-Head

Mish Schneider | August 28, 2018

After making new all-time highs Monday, the Russell 2000 digested those gains on Tuesday, closing basically unchanged from Monday’s closing price.

On August 21st, I featured the Russell 2000 after, “That pattern of lower highs will negate once this clears …


Will the Market Get From Point A to Point B?

Mish Schneider | August 27, 2018

This is what New Mexico looked like during the building of its first railroad line.

Blasting a path through the mountains to lay track took a huge and costly cooperative effort by hundreds of people.

The owners of the rail …


When the Market Drops a Leaf in Your Lap

Mish Schneider | August 26, 2018

Each is imprisoned to an idea and an identity.

Isn’t this the ultimate dilemma of the discretionary trader?

If there is a lesson to be learned from the bronze sculpture, it’s that when a leaf falls into one’s lap, one …


The Market’s Four Directions

Mish Schneider | August 23, 2018

Apache Crown Dancers wearing black masks, represent the four directions. North, South, East and West.

So far this week, Transportation (IYT) posted a topping pattern based on a new high followed by a high-volume break of the prior day’s lows.…


Can the Market Live on Canned Rations?

Mish Schneider | August 22, 2018

Scientists who worked on atomic weapons in the 1940’s, prepared for the worst with the pictured survival rations.

Cans of flour, biscuits, crackers, and water were stockpiled.

Although not an ideal diet, bread and water will at least help one …


The Russell 2000 Pulls a No-Brainer

Mish Schneider | August 21, 2018

The lifespan of the largest brain corals is 900 years.

Feels like the lifespan of this bull market, no?

Last night we wrote, “While we would like to see IWM (Russell’s) clear the ATHs, that pattern of lower highs will …


Market Moves Further Away from Danger

Mish Schneider | August 20, 2018

Will Dubby Fuqua-Sculptor From the Arnold Lieberman Collection

First off, thank you Geoff Bysshe for filling in with your excellent and helpful insights on the market!

As we were away for 2 weeks, a review of the Economic Modern Family …


The Bulls Are Moving To Different Pastures

Geoff Bysshe | August 19, 2018

Friday’s up move in the SPY, DIA, and IWM further solidified the shift that had been happening all week.

The shift is the bulls shifting their preference of big health tech stocks into other areas of the market. The shift …


Retail vs. Semiconductors

Geoff Bysshe | August 16, 2018

The retail sector was full of action today, but the XRT didn’t move.

This is because the sector is not one in which its members are all benefiting from the stronger consumer and economy.

For example, J.C. Penney, JCP, plunged …